Archive by category ''Kevin Hall

Politicians extol the virtues of small businesses as an engine of the U.S. economy, but often leave out a very important flip side. They also have a shorter life span than larger firms, and thus toss more people into joblessness, making them disproportionately the generators of unemployment. .

The federal government will run out of money to pay its bills on Oct. 17 at the latest, Treasury Secretary Jack Lew warned Wednesday in a letter sent to lawmakers asking for a speedy renewal of borrowing authority.

Lois Lerner, at the center of the Internal Revenue Service scandal and in the crosshairs of Congress, stepped down on Monday before an internal review reportedly was set to remove her for mismanagement.

A day after a bloody rampage at the Washington Navy Yard left 13 dead in the nation’s capital, troubling new details emerged Tuesday about the psychological state of alleged gunman Aaron Alexis and why his life appeared to have suddenly unraveled.

The federal budget deficit should shrink to 2 percent of the total economy by 2015, the nonpartisan Congressional Budget Office said Tuesday in a new forecast. The debt held by the public would fall as a share of the economy to a healthier  but still high  68 percent not long afterward...

A mass shooting Monday morning at the Washington Navy Yard left at least 13 people dead, including a suspected gunman, who police said was a contractor with valid military identification who apparently drove onto the base.

There are only two political appointees at the sprawling Internal Revenue Service, and an important one has yet to be heard from about the inappropriate scrutiny given to certain conservative organizations that were seeking tax-exempt status.

The Federal Reserve could begin withdrawing unconventional life support for the U.S. economy as early as next week. It raises questions anew, especially for the housing sector, about what happens when an era of cheap borrowing costs comes to a close.

Absent a late-hour compromise on Capitol Hill, the U.S. government will run out of money to pay its debts and could begin defaulting on its obligations, piecemeal or all at once, around Oct. 18, according to a report Tuesday.